Cardano needs to overcome a resistance of 0.80 to achieve its target of 1.70 because it is positioned within a major symmetrical triangle signaling a positive breakout.
As of today, Cardano (ADA) is at a critical point within a clear symmetric triangle. The cryptocurrency has remained in this narrow range since the beginning of 2025, going between approximately 0.60 and 0.80.
A balanced buy/sell in the market is a pointer to a significant price swing in the future.
Triangle Pattern Signals Imminent Breakout
Higher lows and smaller highs form the symmetrical triangle, which makes the price action of ADA a narrow band. This typically causes a break-out decisively.
Latest technical analysis indicates that Cardano needs to overcome the resistance of 0.80 to indicate the continuation of a bullish trend.
As reported by CoinGecko, Cardano is trading at around 0.65, and its average buying is somewhere around 0.67, which shows that many buyers are interested in its stocks.
It has a good market cap of approximately 23.8 billion, which proves excellent volume and interest.
Analysts believe that once ADA breaks the 0.80 wall, the momentum may push it up to $1.00, 1.30, and probably 1.70, which are also Fibonacci extensions.
Source – X
Long-Term Growth Channel Supports Upside
The prices of Cardano are also moving within a long-term upward channel, which began in 2019. The channel has also generated more than two consecutive lows, indicating the inherent bullishness.
The current setup has indicated that another rally in the short run may occur, although it will be very difficult to reach an upper resistance of about $3.00.
The major accumulation zone includes support levels of $0.57 to 0.60. A short-term decline to approximately 0.49, which is a previous powerful demand area, may occur in the case of a fall of this base.
The supporting price of the triangle is above $0.67; therefore, holding it above this price would increase the chances of an upward breakout.
Observers say that a price squeeze in the coming few days may trigger a breakout, and in a few days, Cardano will be on its way to $1.70.
The trend indicates an equal reaction between buyers and sellers, but the resistance breakout should trigger purchasing excitement and resurgence of the bullish wave.
